Pakistan needs $76.19 billion to pay off debts: IMF

[kaykay]

WASHINGTON: Pakistan requires $76.19 billion (Rs8 trillion) or 30 percent of its per annum GDP in order to pay off its maturing debt, estimates
the IMF’s Fiscal Monitor Report.

This places Pakistan firmly at the top of the list of
indebted emerging countries.The size of Pakistan’s
economy stands at Rs26 trillion, while Rs8 trillion is
required for the repayment, instead of the rolling over, of matured debts in the current fiscal 2013-14, according to the IMF’s assessment.

Among 27 countries, Pakistan is on the top where of debt will require 29.9 percent of GDP in fiscal 2013-14 against 25 percent of GDP in last financial 2012-13.

Pakistan needs $76.19 billion to pay off debts: IMF | BUSINESS - geo.tv

 

[Capt.Popeye]

WASHINGTON: Pakistan requires $76.19 billion (Rs8 trillion) or 30 percent of its per annum GDP in order to pay off its maturing debt, estimates
the IMF’s Fiscal Monitor Report.

This places Pakistan firmly at the top of the list of
indebted emerging countries.The size of Pakistan’s
economy stands at Rs26 trillion, while Rs8 trillion is
required for the repayment, instead of the rolling over, of matured debts in the current fiscal 2013-14, according to the IMF’s assessment.

Among 27 countries, Pakistan is on the top where of debt will require 29.9 percent of GDP in fiscal 2013-14 against 25 percent of GDP in last financial 2012-13.

Pakistan needs $76.19 billion to pay off debts: IMF | BUSINESS - geo.tv

The US Aid of $1.3 Billion has come at an opportune time for Pakistan then. Its good that USA is mindful of Pakistan's dire needs. Now that is real friendship. Less "honey tinged" Rhetoric and more "real" Action!

 

[faisal6309]

People have voted for PMLN. Now only way to get rid of debt is to increase exports and get control over load shedding. I hope government will use $ 1.3 billion wisely.

 

[farhan_9909]

Considering the IMF figure of Pak GDP as 26trillion PKR(other sources 26.7trillion pkr)

If we convert this by now Dollar vis a vis PKR than Pak GDP as of 2013 is 246-248billion dollars.

If we convert it by 98-99 vis a vis 1 dollar as was in june than Pak GDP is 265Billion dollars

About Dept If Pak has to pay 76billion dollars than if i am not wrong India has to pay around 300billion dollars of debt.

 

[Lil Mathew]

Considering the IMF figure of Pak GDP as 26trillion PKR(other sources 26.7trillion pkr)

If we convert this by now Dollar vis a vis PKR than Pak GDP as of 2013 is 246-248billion dollars.

If we convert it by 98-99 vis a vis 1 dollar as was in june than Pak GDP is 265Billion dollars

About Dept If Pak has to pay 76billion dollars than if i am not wrong India has to pay around 300billion dollars of debt.

This article is about maturing of debt in 2013-14.. Pakistan will have to pay 76 billion dollars and India 172 billion dollars in 2014 march 31..

 

[kaykay]

The US Aid of $1.3 Billion has come at an opportune time for Pakistan then. Its good that USA is mindful of Pakistan's dire needs. Now that is real friendship. Less "honey tinged" Rhetoric and more "real" Action!

yeah hope they'll use those aid in good ways.

 

[karan.1970]

Considering the IMF figure of Pak GDP as 26trillion PKR(other sources 26.7trillion pkr)

If we convert this by now Dollar vis a vis PKR than Pak GDP as of 2013 is 246-248billion dollars.

If we convert it by 98-99 vis a vis 1 dollar as was in june than Pak GDP is 265Billion dollars

About Dept If Pak has to pay 76billion dollars than if i am not wrong India has to pay around 300billion dollars of debt.

Pak has to pay $76 billion and has reserves of only $ 10 billion .. Debt to reserves ratio of 7.6
India has to pay $390 billion and has reserves of almost $ 280 billion. Debt to reserves ratio of 1.4

 

[MehrotraPrince]

The US Aid of $1.3 Billion has come at an opportune time for Pakistan then. Its good that USA is mindful of Pakistan's dire needs. Now that is real friendship. Less "honey tinged" Rhetoric and more "real" Action!

You boarded the wrong train mate, or its deliberate?

1. Total fund is $1.6 billion and not just $1.3 billion.
2. ($295 + $386) million to help Pakistan's military, centered on helping Pakistani troops and air forces operating in the militant hotbeds of western Pakistan, and other counterinsurgency efforts..
3. Few million for Diamer-Basha dam.
4. Rest as financial aid.

Now those military assistance is in the form of night gadgets, precision weapons and other ammunition for war against terrorists, so expect half money to go back to US in the form of weapon purchase and other consultancy services, and rest will be strictly monitored by US agencies. So its next to impossible to use this money somewhere else.

 

[Ayush]

best of luck

 

[Raje amar]

Best of luck to Pak friends. Wish China, SA, UAE will help them out. With the energy generation plans and privatisation of PSU units they can expect to improve the situation in say 4 to 5 years. But till that time they need some help from the friends and well wishers.

 

[Storm Force]

Drowning in DEBT.

Need to pay it back both india $390 billion or 20% of GDP
OR Pakistans $76 billion or 30% of GDP

 

[Nothing]

So we are agreeing that both India and Pakistan are pretty screwed up. It is never ending cycle.
We should learn to live withing means. Every person , society and nation should understand this.
In ancient time ppl use to do what they can afford. Now all big companies wants more money so they force ppl to take loan and bigger institute and nations do same with poor nations. By that they control them virtually and try to assert their soft power.

 

[itduzz]

Can overseas Pakistanis arrange $76 billion to pay off debts?

 

[UKBengali]

I knew that Pakistan had a heavy debt repayment burden, but having to pay back 30% of GDP in the next year is impossible!

 

[Cheetah786]

WASHINGTON: Pakistan requires $76.19 billion (Rs8 trillion) or 30 percent of its per annum GDP in order to pay off its maturing debt, estimates
the IMF’s Fiscal Monitor Report.

This places Pakistan firmly at the top of the list of
indebted emerging countries.The size of Pakistan’s
economy stands at Rs26 trillion, while Rs8 trillion is
required for the repayment, instead of the rolling over, of matured debts in the current fiscal 2013-14, according to the IMF’s assessment.

Among 27 countries, Pakistan is on the top where of debt will require 29.9 percent of GDP in fiscal 2013-14 against 25 percent of GDP in last financial 2012-13.

Pakistan needs $76.19 billion to pay off debts: IMF | BUSINESS - geo.tv

Pakistani debt thats about to mature was borrowed at higher interest rates. If and i say if our finance minister is smart he will borrow fresh at lower interest rates and pay of the old savings could be in millions/ year. This is assuming pakistan doesn't have the money to pay of the part of the debt thats about to mature which we all know they dont.

Long term solution will be creating Law and order situation in country and flow of UN interrupted energy to hungry machines plus fair taxation. That can only happen after they kind of sort of have to go and kill good and bad Taliban.